Medicare drug price negotiation - Bitcoin ruling against SEC - Biden's pseudonymous emails

Source: Yahoo! Finance

1. Summary
   The White House on Tuesday named 10 commonly prescribed drugs that Medicare will be allowed to negotiate prices for. Medicare paid $50 billion for the drugs from June 2022 to May 2023 and Medicare patients paid $3.1 billion out-of-pocket for them last year. 9% of Medicare patients aged 65 or older reported skipping filling a prescription due to the cost in 2021.
   
   The price negotiation was authorized by last year's Inflation Reduction Act and likely will not take effect for three years. Currently, pharmacy benefit managers that run Medicare prescription plans negotiate drug rebates, which can reduce premiums but typically do not directly impact prices at the counter. Going forward, the government will aim to find the lowest maximum fair price. Companies that do not negotiate will face heavy taxes.
   
   Advocates say the policy will save the federal government billions while also lowering costs for patients. Critics say that it may incentivize companies to stop developing innovative drugs, particularly for rare conditions, as the research costs are offset by more common treatments.

   Highly-rated - last 48 hrs
   10 drugs targeted for Medicare price negotiations as Biden pitches cost reductions.
   Associated Press (Moderate Left) • Factual Grade 77% • 5 min read
   

1. Different political viewpoint
   CMS names 10 drugs under new price controls, but advocates warn of 'cruel' side effects.
   Washington Examiner (Right) • Factual Grade 60% • 4 min read

1. Selected long-read
   What's a fair price for a prescription drug? Medicare's about to weigh in.
   NPR (Moderate Left) • Factual Grade 79% • 7 min read

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